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In this video, I will share the method that I used to save nearly $12,000 in the past 6 months.
To save money effectively, it’s essential to have a thorough plan.
This is MY personal experience.
The variation in income and financial responsibilities among people will impact one’s ability to save a given percentage of their income.
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Open a ROTH IRA:
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I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.
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The MOST EFFECTIVE money-saving strategy for myself was to set up automatic withdrawals from my primary bank account to various savings and investment accounts at a set rate of 30% of my total income. I found it best to schedule automatic withdrawals for the day income is posted to my primary bank account. I then proceed to live off of 70% of my income and disregard the 30% which was deposited into savings and investment accounts.
To anybody who's reading this, I pray that whatever is hurting you or whatever you are constantly stressing about gets better. May the dark thoughts, the overthinking, and the doubt exit your mind. May clarity replace confusion. May peace and calmness fill your life. ❤Please Click My Name if you need more of this.
Unfortunately, if you live in a small town, there is only one choice for electric, internet, etc.
Where's the budgeting template?
The habit of saving is a great tool that has helped me build substantial passive income through investing and on my way to build wealth. All I can say is that nothing beats expertise in finance.
Awesome advice. Thank you for sharing this knowledge. Stay blessed!
The safe way to double your money is to fold it over once and put it in your pocket.
This has already made me be better than before I do really appreciate it
Money saving tips:
Stop spending money.
Stop borrowing money.
Stay out of bars / nightclubs.
Stop trying to impress your friends.
I do better with saving cash than having it on my debit card
Hey I was wondering where the free budget template is in the description?
Invest in what?
12k is nothing to sneeze at
Thrift stores are glorious in my opinion, other people's garbage is other people's treasure🤘
i can literally save 1200 in 4-6 weeks but i just dont have the patience 😭
I need to sell my bimmer and get a Honda civic or a corolla first and the other extra car
Jesus Christ this is the boringest video Iv ever seen he’s turning me into a zombie
You make sense
Great tips. Just earn another subscriber.
I can’t find the budgeting document in the description.
For people that do not have MS Excel, OpenOffice has freely software just like Office, but better. All that office has. and more
Best way to save money stop spending
Act your age
Since I turned 40, I’ve become proudly frugal, I have too many things I need to accomplish, and with inflation you have to make goals and a plan. No more unnecessary getaways until I buy a house, to start. 🤓
Down payment for a house worth 300,000 with a FHA loan it’s my goal
I found this very polite guy names Ricchdawg and he gave me a valid cc am very happy to have a business with him go for him guys I bet you not gonna regret having business with him 🔝🔝🔝
Fantastic video and great advice, thank you
This video was very helpful… I’m 40 years old and I have bad credit… I’m really bad at saving money. I’ve never been able to do it. I liked how you spoke about automatic withdrawals and multiple accounts… I have five different accounts, which is great… I’m just going to get the automatic withdrawal set up.! I hope it helps!
Nice videos ! Thanks for sharing !
Great x
here's something very minor to put the whole food piece in perspective: I have (had) been ordering "inexpensive" Chinese take-out every Wednesday for the past couple of years, kinda like a Hump Day tradition/reward — I finally thought about it, & while a $15 (food + tip) weekly doesn't seem like a big deal at all, that's $780 per year just for take-out…Now think about someone who dines at various restaurants several times a week & is spending way more than $15 per meal — that's huge
You do not have children or own anything. No car, no house,. No nothing. I do not believe bit.
great
From my job im saving both my tips and my payment and when is time for gas i usually using my tips and i used to give people all the time singles on the gas station😂
How much would profit be saving 12000 for years
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money.
🏦 Earn up to 4.00% APY: https://sofi.com/nateobrien
300 a week for a year is 15600 I’m just doing 100 a week to get 5200 at the end of the yr or at least trying to
Bro to eat good and healthy costs money. Especially UK
Can I have some money Please Boss?
I need advice on my budget. I am hopeless with finance as I was never taught anything about. My parents have lived their entire lives in debt and I have a disability which affects my ability to comprehend anything related to money. Your video has helped me a lot, you explain things clearly and break it all down which is awesome. However, I work two jobs. One is part time and the other is casual. My hours differ week to week depending on how much I work, as I do not have set hours at either job. It is impossible for me to budget ahead as I don't know how much I will be earning each week. Would it be best to work off a weekly budget? Please help me!!!!
What is your primary checking account that you’re able to use auto percentage withdrawals/transfers monthly
O my income is 26,ooo a year. Not going to happen.
Good on you Nate … you are set for liefe. With this mindset in place, at your young age – your fate is sealed1 Independently wealthy by middle age. Big respect!!
Keep it up Bro 💪💯
I recently made more purchases. Saving money for a market downturn is likewise a bad idea. There are numerous ways to look at recessions and depressions, we cannot always expect to make large returns, and taking chances is better than doing nothing. The bottom line is that you will achieve remarkable results by diversifying your portfolio and making wise decisions. My portfolio's raw earnings rose by $608k in just 5 months.
i am from ethiopia and i want to come to my dream country usa
I saved $60,000 in one year at 23 years old. Told my parents my plan and here we are in my own house.
At the moment every pay check I keep $500 in my checking and everything g else goes into my HYSA
$12k is $500 a week. If I can save $500 a week while earning $190- $700 a week it would be a miracle. But if you cannot do the maths it's important to put away $500 if your income is less than. Example $437 paid, pay bills and groceries. Your left with $73, now save $500 out of your $73. Impossible!!!